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At my work, we specifically log hours differently if we're working on new development versus bug fixing to document our work for the R&D credit.
by fooey 9y ago
At my work, we specifically log hours differently if we're working on new development versus bug fixing to document our work for the R&D credit.
- hn_throwaway_99 9y agoAre you sure that's why? Many companies do this to differentiate between capex and opex, but it's rare that all new development would qualify for R&D credit.
- fooey 9y agoYeah, we had an all hands meeting where they explained that this was the reason. We're small, and money is tight, so saving a couple hundred thousand dollars a year is a lot of motivation for people to track their time accurately. We're basically creating a new industry niche, so it is clear R&D. It's not like we're just churning out new shopping carts sites for the customer of the week. We're just wrapping up our Series A, which included a major investment from CAT though, so we're in a lot better shape than we were a year ago when we started the initiative to take advantage of the tax credit.
- hn_throwaway_99 9y agoAre you sure that's why? Many companies do this to differentiate between capex and opex, but it's rare that all new development would qualify for R&D credit.